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Is it safe to say that casino platforms is running their business with users find only? I read somewhere that they pay winners with losers money, I couldn't ask him or her if a casino can start business with zero fund at hand, I know that most of them wired their system to favour them more ( lose more and win less ) , if not they will run out of business fast I belief, what do you think about this? Was I wrong about this? Come to think of this, there is no prove that they have some money to pay winners.

If a casino has proof of solvency, that's a decent indication of the amount of funds they have on hand to pay out players at any moment in time, in theory.

This is only possible with crypto.

Casinos should have a profitable business in the long run (if everything goes well) and after they make some profit, they will be able to pay the winners with losers money.
This doesn't mean they can launch their business without any bankroll. They must have some money for paying the winners unless they want to scam the players.

It would be worrisome if they only use player's deposits and losses to pay for withdrawal requests. I would say the owners chip in first as part of initial capital just like how a regular business is operated. They can later use loser's money to pay for the winners.

It would be nice if they could sign from a wallet showing their reserves but that's not enough to say they are solvent since you'll never know if they had some large debts that they need to pay also.

This reminds me again of the proof of funds that some centralized exchanges tried to show after the FTX debacle.

Every casino owner must have prepared everything to be able to run his business, including preparing his capital to pay the winners. The problem is that some casinos don't pay the winners even if the winners provide proof that they weren't cheating. And it is casinos like this that we should avoid and not think that they will become famous one day. Indeed, there is no evidence to say that they have the money to pay the winners, but if they can really pay the winners and so far, they have not made false promises, it means that we can make the casino a place to play gambling.

You cannot run a casino without a Bankroll ... and you cannot start a new casino without initial funding from your own pocket. The gamblers lose money and they win money, but the house edge is given to the casino as income.

So they get a fixed income... no matter what happens... but they can change the RTP on their own games ... or ask the 3rd party Slot provider to change the RTP, if they want to get more income.

Their income is not pure profit, they have to pay a lot of money for marketing and future development and also labor cost and expenses that are linked to their IT equipment and security.  :P

I don't think they'll get a license if they are just using users fund only, they should have liquidity if they want to open up a casino. I'm guessing these are the prerequisites to casinos that are licensed. It should be a red flag if they are just using players fund just to operate because if someone makes a huge win, they'll surely scam their users since they can't be able to pay them.

Casinos are just like every other business venture which is created to make profit. For a start, they must have a reserve, capital or otherwise so as to meet up with the running cost first which involves payment of winners, workers and every other aspect of payments involved.  I know there MUST be losses from players which will come in as profit to the casino likewise the casino too would pay winner's for their Victory so everything can go well for them. Of lately, there have been series of of complaints from gamblers and bettors with respect to account banning, suspension etc all these point out to the fact that casinos are really running short of funds which makes then to start acting this funny.
With this unfolding events, I am of the opinion that casinos starts showing their backup funds before getting license to operate. The casinos also should as a matter of fact, show their monthly balance sheet for further verification which is required.

Owning casino is not for short term, it is for long term I am not sure about the rigged casino but the legitimate casino has a house edge which in long term is profitable for the house. It is impossible to open a gambling business with zero fund/bankroll to pay the winners. I am not sure how much was it but I think most of the casino have really huge bankroll, just imagine the bonuses and jackpots they are offering.

If they have small bankroll or no bankroll at all, there is no way that they can run their business for a month assuming they have good number of players.

Casino doesn’t work like that because they are gambling too with their bankroll. There’s no way to operate using users only fund because they have fixed operating expenses and also the chance that a user will win a jackpot. They just have fixed profit  coming from the house edge but it doesn’t mean they can have sure profit. Some casino becomes bankrupt by having small bankroll while they have high jackpot prize which their bankroll is not sufficient.

Also players usually withdraw their funds. They can’t guarantee that they will have users fund all the time to cover some player win when the casino has a bad luck. Checking on the high roller winning history is the best proof that they have money to pay the winners because all those roller will surely make a complain here or in trial court if they are not allowing those huge withdrawals. Casino has a gambling license too which means they have money for operating the casino. We are not on the old era which casino has low bankroll and always running away when some players hit huge jackpot.

Every gambling casino that would like to push their business must know that they have a pool of funds for the possible winnings of the players we know that not all the time players wins the game so winners are just the lucky one who has a got good jackpot to lose in their number of players who losses a lot, that's why how they earn a lot of money better make sure that you know how to handle your players to play more and engage with your platform.

The reputable ones the ones who already know that they are going to be people favorites usually have already a minimum of 1000-10000 Bitcoins in order to pay the whales as no one guarantees them that the house edge will start benefiting them right away,that is not the case,the house edge needs a lot of spins before starts to kick in usually in slot machines between 1-100 million spins in that specific slot.

Based on this the big reputable casinos that we see today and are our favorites have started out already "maxed" out to handle even whales which are really big winners,all other casinos who haven't done so you will see most probably some sort of scam accusation for them when someone made a huge win.

No company can start the business empty handed when starting a casino. Yes it is true that when a user loses in gambling that amount goes to the casino fund and when a user wins in gambling then he is rewarded from the casino fund. It works like bank deposit and withdrawal. Here the bank acts as a medium of transaction.  The same casino platform acts as a medium for people to gamble and from here they earn commission. Here, when starting a bank, for example, hundreds of crores of rupees have to be deposited with the central bank.  Likewise casino sites keep their own fund liquidity when starting their business

I've heard that some of the casinos are doing that. But they wouldn't last long enough, I'm quite sure of that. Winners from their casino will be tired of waiting for their unprocessed withdrawals. And eventually, create complaints against them. If the evidence is strong, that would be a great end to their shady scheme.
 I highly believe that most (if not all) businesses doing this kind of scheme are highly likely to be frauds.

every casino that wants to run smoothly of course they have to have a bankroll. at least it has the capability when any player hits the jackpot.
even though a casino can be run with quite a small amount of capital, I am sure they will find it difficult to manage and develop a casino.
A casino is a place where people spend money. as you say, more to lose and less to win. that may be true, but when a business is run, it must have enough funds to do business in the long term.

A decent casino must have funds for them to operate, in the first place they cannot come out with a casino script and install a game provider's service if they don't have funds to operate, it's a waste of money and effort if they just create a casino without funds to pay their winners, they should have funds for operation if they cannot keep paying their players, then that's the end of the line for them, even if they have edge over gamblers they should have ready funds in case, there's a guy who hit a big jackpot, there could be casinos that's doing this but eventually, they will be exposed.

They cannot operate like that for too long. They always have to have some bankroll of their own if they want to stay longer in this business. One good day for a gambler may send the casino into shambles, especially if those winners are high rollers. Also before operating, casinos must provide proof of solvency in order to make sure that they are not only operating in users' funds. If they can operate without providing these verifications, then everyone and their mothers can easily establish their own casinos without having any money at hand.

There is also no proof that what you read somewhere out there is true.
Proof of funds/solvency was popular in the past where most casinos provide a signed message of their wallet where they hold their funds.
It is no longer popular anymore, now it is easier (at least for me) to know which casinos is reliable enough to play without worrying that they will not pay winners because they dont have funds.

You have already been given some answers, I will simply add that you seem to have little knowledge of the subject. Someone who starts a casino with no bankroll of their own has an extremely high chance of going bankrupt. I don't know if you have ever seen a chart of a winning poker player, it is similar to the stock market charts, trending upwards but with ups and downs, with deep dips and some daily volatility. Casino winnings are similar but you have to have bankroll to withstand the dips and set betting limits to what you can't afford to pay if the customer wins. It is not uncommon for a casino to have sustained weeks of profits and then a whale comes along in one session and causes a big dip. If you don't have bankroll to withstand that, and more starting, you go bankrupt.

I do not understand at all how you can start such a business without a decent amount of money for the potential earnings of the players. If a casino can indeed have a fair mechanism for all games, which any decent casino should have, it is always possible that the influx of money lost to the players is at some point less than the money gained. Of course, in the long term, since the various commissions have yet to create such a "safety cushion", this problem must surely be solved.
  But in the early stage of the work, the casino cannot do without a lot of money, so to speak, of course.

No casinos will succeed right from the start with no bankroll at hand. Eventually, there will be some high rollers that will try thier platform and if he wins, they'd find a way not to pay.

Casinos are a profitable business they say, it is, however, a mountain to climb if there are no funds from the beginning. I guess this is the reason for the wager limits.

They cannot launch without a bankroll and just wait for gamblers to lose before they can pay their winners, I don't think any casino can sustain that those who do this have the intention to scam gamblers after they launch their casino, I've seen one thread asking for proof of funds which is an ideal for a new casino to gain the trust of the gambling community, but casinos will not do this because it will be a battle of proof of funds to gain more players.
The worst that can happen to a new casino is to have winners and they cannot keep up because of lack of funds, they will be reported and will eventually lose players.

Developing, creating, running an online casino business, relying on money from users who lose bets and hoping for profits from users, Without initial capital to run an online casino business, you could say a ridiculous platform-based online casino.

Such casino business is not safe, they can go out of business in a blink of an eye.

you need to know How Much Does It Cost To Start an Online Casino? (https://studybreaks.com/thoughts/how-much-does-it-cost-to-start-an-online-casino/), instead of starting without funding.

Now you understand, starting an online casino business without capital, the casino, is a bogus business, not safe to use.

they do but that is after they have made a profit from their gamblers, a casino(may it be online or not) cannot and should not start without a bankroll, if they don't have a bankroll to pay their gamblers when they launched their gambling site, then they are basically a scam gambling site since they won't be able to pay their gambler's winnings.

The casino will not say whether they have money or funds to pay the winners because that is the casino's secret. We as gamblers, can only hope that the casino can pay us winning money so we won't feel disappointed. And to avoid things that we don't want, we have to be able to find casinos that are really popular and have been proven to be able to pay out winning winnings even though the numbers are very large. So we won't have an experience that disappoints us one day and can play in peace.

Casino often share many jackpot win from different user on their social media as proof that they have huge bank roll. Trusted casino like Duelbits has this kind of news to give peace of mind to all their players that they have sufficient bankroll to pay huge amount. We don’t need exactly a proof of funds if casino has proof that they are paying high roller players with their jackpot prize. Also their massive promotion like Christmas giveaways and others is enough to know that they have a huge bankroll aside from the players fund in the casino.

More people lose than their winning which solves the question that you were asking yes they are paying the winners from losers money and also taking a lot of money into their bags as well. But you can't start with zero and it needs heavy investment to start rolling out the casino business especially for luck based games.

Casino is just like bank and exchanges that need a bankroll to operate and in some cases before a casino is licensed there must be evidence of proof of funds and if that is not met their license can be denied.
So is not entirely that the casino is running their business with losers' money because in as much as there are losers there are also winners, so if the casino lacks the liquidity to sustain both directions of games result, the casino will run out of business without liquidity.

To be honest, I don't have a proper answer to your question.

but I just want to underline what you said, regarding casinos starting a business with zero funds at hand. don't get me wrong, it's impossible. I don't know what the basic mechanism is, but at least if you want to build an online casino you need quite large financial logistics. why, because to build a casino you need a big bankroll. first of all, you need funds to build a site and that costs money. whether it's domains, hosting, scripts, and all kinds of things. plus, you need a license so that the casino you build becomes a legal casino. you know, at least you need big funds just for a license. well, I'm sure, now you have some conclusions or descriptions related to your question.

Correct. Some people think it's easy and cheap to run a virtual casino, as they imagine you just need to acquire a domain, set your website up and configure the games to work. Then, they just need to sit down and wait the money flux come in...

However, it's a very expensive business to start, which demands large investment, as at anytime (during the launchment of the platform maybe) a player can hit a jackpot prize which must be immediately paid to the gambler, if he wishes to cashout. If the house doesn't have that money, it's already going to be a failure since first day, suffering heavily accusations of being a scammer casino by the gambling community.

No, you can't start a casino with "zero" funds.

There need some at-least minimum liquidity based on the regulation, they can start with small or big at least they need to make sure the liquidity is enough. That's why most casino must have maximum amount winning they can set-up depends on the bankroll fund they have.

If new casino don't have this, sometime a big redflag for us. My biggest reading story in this forum, some activity transaction withdraw 330 BTC on Cloudbet but is also have some problem against user & casino. They need to solve it with the help of this forum for almost 7 month.

Well..!

 As far as your ignorance fits, so, maybe You have a valid question, then, there is advice from all the previous posts, but I thought that if you started with that question un the OP,  did you understand something? Of all suggestions.

Something additional but in a tone of sarcasm*, you have a good partner out there who wanted to set up a street casino, another user in another post.(end*)

 On the other hand, and you may have badly focused ideas but that does not mean that they lose the north in the desire, inform yourself well and comply with your wishes.

A casino platform offers bid for betting. If you win then you are awarded according to the conditions.  But if you lose then they take your money. In this case, if they can complete the payment of winning with loss money, then they do not have to spend money from their own funds. But in this case, if the amount of winning money is more than the loss money of the users, then in that case the money has to be spent from the casino site's own funds. In this case scam casino sites fail to give winning rewards.  And real sites spend money from their own funds but don't let their reputations get ruined

It's a known fact that casinos make money by having a built-in advantage over players, called the "house edge." This means that, over time, the casino will usually make more money than it pays out in winnings. But, it's not true that casinos pay winners with losers' money.
Most casinos have their investors who supply the money for the casino to operate. They're usually wealthy folks who believe they can make a profit by investing in a casino. The same goes for online casinos, which are also businesses that need investors who supply them with funds they can use to run their operations.

I don't think something like this is true, I don't know if there is evidence that any casinos have done something like this, but if they have done it, it would be like deceiving themselves, because in every casino what is needed is that they have people who are real, and that they are people who like games, those who like games do not skimp on spending because they like it and ensure their fun, if a casino makes misleading advertising, people are not stupid, they will realize somehow, if by the On the contrary, they do things well, I don't think it will be very difficult for them to be able to do things transparently, in this type of business you have to know how to compete.

Bankroll preceds house edge, because house edge is only a manifestation of game processes and how the result are determines, mean while without a bankroll the casino can not function or operates due to capital in form of proof of balance just like we can see in all the other  financial projects that deals on deposits, withdrawal and transfer of funds across chains there must be a balanced volume that exceeds the max bet winning to sustain casino operations.

But then it is a known fact that casinos and all other platforms run the operations on the revenue they gegeneraterom the business and for casinos, the losing money belongs to the house.

The more reason why the system is set to favour the house always.

It is game of house edge. Some of then provide more some of them provide less and win accordingly. Moreover, they are never in loss due to the odds they are getting from various games site wide. No one would know the secretes inside but in the casino games like roulette, mystery boxes, crap dice, lightening dice, and crash games; things could go north to south any movement! Making more than enough money to the casino and survive the whole thing. It’s business, it’s well planned and regulated.

Despite of their house edge, casinos still need to have a certain amount of capital to qualify for regulations and have a license, it will be hard if they have no capital at all because paying the jackpot will not be possible especially if they are still new in the gambling industry. The house will always win, this is a business and they have to make more money than to lose to the gamblers, this is normal on every casinos.

Even if there is no proof, that will still be believable because casino do always wins right? I know there are some who wins but the majority of them are still a loser and this money will be too much to pay those who win.

The rest of it will just go the casino but they can't pocket it all of course because they also pay to maintain their casino. Indeed proof of funds for casino was once a thing but did you know that after the FTX incident, many people are talking about this again? It helps people to be confident when they see the platform's available funds. Let's just hope that proof of funds will make a comeback again, in order to reduce the scam casinos around.

The casino is a business and every business is profits oriented, but that doesn't mean they rely solely on loser funds to run the business at least there will have a start-up capital that can cover their expenses for a good period if the business goes against them e.g a player hitting a jackpot.

There's nothing that's bot possible but I don't think that's the real idea behind starting a casino else everyone will or can easily begin one, they also have a starting capital demands whereby they need more money to fund the operational cost and the start ups, also what about if the five first gamblers to start using their casinos make a win with their first attempt, aren't they not going to get paid by the casino? the casino have already set aside some funds assigned for such purpose already.

In any business profit is at the forefront. So casinos using losers fund to pay the winners is normal but I know that no casino would start up the company with zero fund in their system at least there must be a small fund to run the system before gamblers would loss and win. If a casino uses it own pocket money to pay winners always then what is the reason of setting it up. The interesting part in casino and gambling is loss and win. The unprofessional would loss and the professional would win. That make the game fun. There is cry and there is laughter.

I could say that it is true that casinos pay the winners with the money lose from other players. I am sure you know that when it comes to gambling, you will always lose and can hardly earn back what you have lose. Casino is a business if you think about casino that it is different of some sort where it is not a business but the truth is that it really is a business. To be able to run a casino then you will need a fund or capital that you will be using to make it happen. One of it is buying license which the casino owners must submit make their gamblers submit KYC.

Casino is a serious business that requires a lot of funds and yes they may pay the winner with the loser's money but the casino need a huge bankroll to provide some confidence to their user and this will also make the casino to be fair with their game.
According to research, casinos that don't have bankroll always try all means to scam their users through games and they are always not fair with their game.

But in reality, such casinos are just short-lived since there is no plan idea behind their operations, how possible is it to operate a capital-intensive business like a casino without having a running cost and funds, that is why they become scams because there is no bases for the operation.

I am aware that casino license cost a lot in some places and that should be enough  to weed out the bad eggs in the casino industry who are out to scam players, revenue is an essential part of the day to day running of the casino.
But start up fund is the basic foundation for establishing a casino and other form of businesses.

it would not be possible for a casino to be built without capital, for example online casinos, of course, for the development of the website, it costs money, let alone building the casino itself, of course, with lots of games, of course, it would not be possible without capital, they are big dealers who have a lot of money, of course, to build a casino, unless decentralized casino

Casinos shouldn't really operate without funds on hand because it would be very risky to just rely on the mere losses of the players and their deposits. Operating without enough reserve could put the business at risk and even lose your players trust on your site the moment they find out the financial status of the casino. The casino site must have enough bankroll to pay the players their winning and to maintain the website security as well.

This is why in putting up a business, one must really be prepared enough. Otherwise, many troubles and other inconveniences may arrive that could cost the reputation and the operation status of the business. Personally speaking, I wouldn't play and risk depositing if I know that there is no enough fund to sustain the running of the casino site and if I know that the owners have many debts at hand because they might end up vanishing into thin air.

There's no casino who don't have any bankroll. Those casino who has literally zero funding is a scam casino no matter how good their design or promotion is, The reality is they can't pay their winning players with other or losers money. It is a long time since I last see a casino who showed their Proof of solvency so yeah it is much pretty hard to identify casino who don't have the proper amount of funds on our current time since most casino don't show their proof of funds/reserves voluntarily. A normal casino has the slight advantage to the players, Please refer about house edge and how it works because it is the way that the casino earn their money.

Nope, it is not safe to say that casinos are running with user's fund only. Just like any other businesses, Casinos are required to have a capital to begin or start with and unlike any other business, they will need to have a huge capital to anticipate high rollers on their platform. If ever, you encounter such a casino which would not pay if ever you win due to lack of funds then it's safe to say that platform is a scam which could not run for a long term.

^So probably if a shady casino selectively scamming their players could be the reason they are running out of funds, I am right?
Or they will make a loophole that possibly freezes the fund of users once the TOS is violated.
That is why if we choose a gambling casino it should be a well-established casino that already operates for almost a year in service to guarantee good services and no shady activities that will happen because I agree that it is possible that a new gambling casino does not have a huge fund amount for its bankroll and probably the reason of some casino if you will withdraw a big amount it will take a long time before it will arrive in your wallet. It is possible we can ask a crypto casino to show their bankroll?

Unlike other businesses, where you need certain funds to start a business while in gambling you need to have a lot of extra funds in order to start the gambling casino. The reason of this is the winnings returns are high in gambling and you may need to pay out of your pocket to the gamblers initially.

Later once the casino is established, people will lose money in gambling and then the gambling casino have enough funds to pay out the winners and keep running this business.

Not sure if the casinos are disclosing this but I hope they are doing it because it can lessen the worry of the gambler and of course it can gain more trust and more players. The casinos that don’t have a big capital will surely relay on the losses of the gamblers and the more player to play, the more money for them. This might be the reason why many focuses more on their marketing as they need to attract more players to pay for the winnings of the others.

Well, for me, I believe that casinos are not running on user's funds, except the un-serious casinoso out there, and those ones are likely to turn to scam sooner or later, casino is a very profitable business, there is no way a casino can be operating and depend entirely on user's funds, it means that casino is a time bomb waiting to explode, because the moment a gambler wins an amount of money that isn't available in their hands at that time, paying becomes a big problem, and that's how they will start having issues.

You can not start a casino with zero funds at hand, though it is possible to do, but it's not advisable if you ask me.

Yes, casinos are a business that requires quite a large amount of capital to carry out development and pay for the team in it.
Not to mention that if casinos hold bonuses and promotions, they will definitely spend an even bigger budget.
Not to mention that in marketing or casino promotions that use signature campaigns have several members of this forum join their campaign so they have to pay the salaries of those who take part in the campaign every week, while not a few follow and register for the campaign.
However, from the large budget spent, it can be paid off from the profits that are generated are quite large from the casino business.

You need to know built a new casino doesn't only need to pay for hosting site, developer and the UI/UX designer only.

A good casino will need at least few people or team, which you need to pay their salary for each month even your casino doesn't make any profit yet, so you need to use your pocket money. If you want to add a lot games, you need to rent the games from gambling providers, if you want to have a gambling license, you need to spend more money.

Bankroll is really need in any business, what if there's a lucky gambler win a lot money in your casino, will you ask him to wait for at least 3 months and give an excuse if his account under investigation?

Starting any business requires a large initial capital without the capital it is impossible to run the casino business. Although the casino business has some advantages where an owner can collect money from there, he must keep a large amount of reserve at the beginning of the business.   If a casino is able to gain good popularity in the beginning then that casino can bring success through its casino in a very short period of time. However, it is impossible to run a business with users' funds at the starting of the casino business if it is not scam site.

This is wrong, despite the house edge casinos give to themselves as a way to cover their costs and to obtain profits, it is still not possible to create a casino without a massive bankroll, you may try if you want but it will fail really quickly.

And this is the case because casinos are also subject to luck, when investing on casino bankrolls was more common years ago investors tracked the performance of their investments, and there were months in which some casinos lost money as a high roller had won a series of big bets and the casino lost money, if a casino did not had some cash to pay the high roller they will complain about it, raise a scam accusation against them, the casino will lose whatever clients they may have gained and eventually it will vanish as no one will want to play there.

That means the casino can pay out the winnings from the winners and with that evidence, that is one of the ways they get a reputation among other casinos. Gamblers can also get peace of mind by looking at the evidence and will try to get a big win like that winner. By getting recognition from the public that casinos can really pay out winning money, it can finally place them at the top of the recommended casinos. I am sure many big casinos now gain the attention of many gamblers because they can show the public that they are good casinos.

Well, I think as a summary we can say in response to the OP that not only is it not safe, but it's bullshit.

I remember seeing someone on the forum commenting that he had been planning to join a start-up crypto casino, contributing part of the capital, and the minimum to start with was 100,000 USD. Maybe you can start with less, but the OP's point that you start with no money and just pay the winners with the losers' money doesn't hold water.

Well, this is how gambling works, but starting a casino with zero funds is hard to believe since we need some capital to start a casino or gambling website. It's not weird if casinos trick their users to get more funds before they actually pay their users.

I believe most licensed casinos need to prove at the start that they have the initial funding to support the casino, from its technical expenses to the possible pool of winners. In the long term the casinos will indeed pay winners with the losers' money, but that's simply how they generate profit so nothing wrong with that, but in the early days that's simply not possible, nor would they even be allowed to release their casinos legally as I said.

And it's not "lose more win less" but rather casinos simply take a cut that they automatically gain per bet, aka the house edge. It's a guaranteed source so that they don't only have to rely on people losing.

It may become that way in the long run. But for a starting online gambling site that won't work out. They need capital, they need to be transparent about how much they do have in case a gambler bets big. Then, there's the payment for every service that will work out the security and the UI of the site.
So obviously, they won't be starting at zero. It will not work especially when more gamblers are coming in. The balance of winning and losing players might get out of hand and will be more problematic if you cannot pay one or a couple of gamblers that will shake things up and soil the reputation with the use of forums like this and social media. It's better if you can sail smoothly and not let that happen.

Casinos have some proves of income before starting a casino and you should also understand that lately, the online casinos both fiat and cryprocurrency casino are now facing some disciplinary measures as as result of the formation of some governing bodies who helps monitor the activities of these casinos against it's players and that is one of the keys that gave rise to the compulsory KYC.
I would agree with you that the casino, though must have ought to be provably fair might in one way or the other been programmed to win more than lose but if not, if it is been fluanted in the right way, I'm sure there would be more loss on their side and causing them run out of business in the shortest lersiod of time.

I wonder if it will be like what happened to exchanges where exchanges are currently being asked to report their reserve funds so that another FTX case doesn't happen again. If so, perhaps the licensed casino should comply with regulators so that gamblers can look directly at their reserve funds to see how much funds reserve they actually have.

It seems important to show it to the public so that gamblers don't worry or fear if they don't get paid if they get a big win. But of course, there will be consequences for this because the casino will force gamblers to follow the casino rules, which I think will be even stricter.

I don't think it is possible to start a casino without having any fund in the cold wallet. There must be funds available for users to use because you don't expect everyone to start losing there games and bets immediately you start your casinos. There are persons that would lose and there are some that would always win.

Any casino start starts without having any reservw money in place, that means the casino have not plan of paying winners of there winnings which can lead to the casino going bankrupt. It is better we use casinos that had been in existence for long than jumping on new casinos that do not have any reputation.

they can possibly run mate or start operation because it is their choice and style but the question is? will there be any gamblers that may have interest in depositing and playing knowing they have no reserve funds?
but of course there are always a willing victim and those are the gamblers that does not pay attention to those points instead entering a casino with the promises they bring and not the liabilities and their reasonable business running.

You start no business with zero money, period. Once the site is up you have fixed costs and variable costs, that is what you need to pay whether you have users or not. Then, when you reach the critical mass of users, the loosers will obviously cover the winners and the costs of the house plus any profit that you can possibly make if things go as expected.

Can a casino start a business with zero fund at hand? I'm not so sure about that. Every business has start-up capital. Casinos are no exception. The business owner needs to pay his employees and maintain his business properly. This is not possible without start-up capital.

That why i don`t like to unknown casinos. I`d prefer to gamble in the casino that paid big prizes, has good feedback and support.
New casino can say anything but until it can prove that they are honest on practice - i can`t trust them. The OP asks if the casino can start without their own money. I think - yes, and they can cheat with the winnings until they get enough money from the gamblers.

(scenario): There is this businessman who got so successful because of his expertise in business and financial management. He once worked for a company as full-time staff but later became contract staff. After that, he had a lot of business that fetched him income regularly. In the long run, he got a proposal from a friend who is so knowledgeable about casinos, asking him for a partnership deal to build a casino or betting platform. 

OP, IMO, casinos don't just start by using players' losses to pay out wins; they always have backup plans or funds, and some have some sort of successful thing they were doing before even opening the casino. Unless for those scamming betting sites that just want to drain gamblers' funds, no business exists without profit; else, the business will be shot down. There are also a lot more profits in the casino, but I don't believe they pay out all wins just with the accumulated losses of gamblers. 

I am not aware of this but it will be better for this discussion if you can have links to prove this because its hard to run a casino without initial funding, they need marketing and they need funds to do that, and what if in the early days, there's one lucky guy who hit a jackpot, they need to pay that guy within 24 to 48 hours because the guy will file a complaint if he did not get it in the earliest possible time and that will ruin their start.
Casinos or any other business cannot keep up without initial funds, they cannot establish their brand and reputation without it.

From this thread and others that have been opened before around here, I would say that some people underestimate the money required to start a casino, which can be an expensive business.

It is not supposed to be about paying lucky ones with the money of the unlucky ones, there must be a solid reserve of money for the casino to pay things like bonuses, advertisement, salaries of their employees, lawyers, licenses, etc. So while indeed, the casino earns money from the activity of gamblers, it not so simple as a transfer of money between people who gamble.

One needs to have several millions in order to open a sturdy platform, like any other kind of enterprise.

I agree and they could have other resources to pay their winners but money from lossing players could also be another source of funds for them especially for casinos without a strong foundation yet. That's what actually what they do with the loss from their players, they use it to pay for everything to keep their business running which also includes the payment for winners. They need innitial funds but they also need to make a profit.

that's how casinos work to stay afloat with their business. they pay the winning players, but they will also take more money from the losing players. no casino wants them to lose. if they manage to pay the winners a hefty amount. believe me, they get a lot more out of the losing players.
but still having a sizable initial fund will help the casino to get convenience with the business they run.

A new casino platform will never launch without money, it’s not like that you just created a website and will start your business, there are so many things involved here to build a platform, as like first of all you have to promote your platform in many ways so you need to good amount of money.

Gambling casino takes time to develop and takes a lot of money to invest just to play with so for sure to make their people keep playing on their platform they make sure all of the processes is legal no one would like to play in a casino that there's no license it's not a win-win situation in that case to the players and also if you are a player still not trusting any casino better to make sure you make your own background research to the casino to prevent your funds getting freeze because you didn't obey their rules. Again don't make the casino as wallet like storing your funds.

People without money can't run casinos, at least you need money to pay the servers and the service providers. Gambling licenses aren't cheap at all, so, you need one of those too.  So, if you are paying for all that stuff you should at least have some bankroll in the house to pay at least 10 max wins. i think with that you can operate a casino. But without a bankroll the site will only destroy its reputation.

Any business needs to start with a capital,some get investors to fund their projects same with casino, how they will operate if they have no money on hand or how they will start if there is no budget to fix the program, app websites or even to apply for the paper requirements for operation. Funding is needed,and if the casino have a potential and the owner is smart enough to present it to get investors then he can start without his own capital but using the funds from other people who is willing to invest on his idea, terms and agreements will apply and that's how business works.

I believe you have made some good explanations, and it's clear that the OP misconstrued the whole gist. Not that casinos will desperately rely on people's funds on losing, but surely, they have to pay winnings from the profits generated from players' losses if there are. But if there are none in a case where winnings are more than losses, they will have to pay from their main pocket if they want to stay trustworthy in the business.

This includes when the first player wins when they open, they must pay from their main pocket. But they would not have to use their stand-by capital or insurance to pay winnings when they have profited from some players' losses.

I am aware that when a casino starts with the funds of its users that is something very dangerous, in reality they are gambling everything there because they must have a large capital, because how can they do to hold the winnings of players with very large bets? as they can? a casino that did something like this here in the forum did not do very well, they started with a great campaign, and where many began to support the casino, but then everything was lost because the casino owner wanted to capitalize on the entry of players and thus to be able to take advantage of the system to quickly make good money and it was not like that, but they went bankrupt.

First of it all before bringing up your assumption forward here have you taken your time to research on weather the casinos truly does that or not, there are somethings we may just feels it's right but on the actual sense it's not, if they had been operating with this kind format then they wouldn't have been existing by now because the more the new casinos got introduced the earlier the went on bankrupt for not been able to pay their winners their money, opening a casino has a lot of requirements beyond what you're driving out here and not until to make a move to start one you may not know all it takes to maintain one.

I would assume that any serious casino, whether new or not, always has funds in order to pay their winners. House edge may be good and well but lady luck does not always care about probabilities. What happens if a new casino has to pay a big win and does not have the money? Legally, they would find themselves in hot water quite fast. I guess this is one of the reasons we keep hearing about small/unprofessional casinos withholding winnings on arbitrary grounds until they earn enough money from other players to finally settle the score.

Overall, I agree with what you said. also, as I said before, that the online casino business is a very profitable business. however, to build this business requires a lot of financial logistics. what Op asked in this thread, is the very wrong thing about starting a business with zero funds at hand. because, that is impossible even if the casino that is built does not have a license. at least, there are funds to be prepared. You have conveyed several points correctly, that starting a casino business is an expensive business. the reason is, if we are engaged in this industry, we need sound capital, especially with regard to license issues which require a lot of funds. I think, with the various comments from the members here, I hope the Op gets a little understanding regarding what he is asking.

A casino can have a bankroll or don't have it. The one that doesn't is going to be rigged for sure. There were many casinos like that where they had no bankroll but the games were set in such way that they'd first make you lose for you or someone else to win some money back. Eventually they could make money from 0, let you lose 2 games than win 2 but each time they'd subtract a fee for the casino.
There were also scam casinos that worked fine until someone broke the bank and then a casino owner would shut it down and launch a month later under a new name.
You can't run a legit casino without some money on the side because you'll be making money but once in a while someone will get lucky and win big. You have to be able to pay them or you're done.

on this issue I think it can vary from case to case, for example there may be cases in which a person creates a casino with the aim of deceiving and robbing people, in that case the person will create a casino without having much capital and will make payments thanks to loss of people and when there are many customers that person will close the casino and will run away with all the people's money

another scenario would be someone who has a dream of having a casino but that person doesn't have a lot of money to run the casino, so the person decides to create the casino and starts paying customers thanks to the money of people who play and lose at the casino, This scenario I'm talking about is something anyone can make an assumption about when they see a new casino coming here on the forum but they don't have the money to run a signature campaign for 2 weeks if the budget for such a campaign costs less than 1000$, so we wonder if this same casino has its own funds to pay customers

Well, you need some initial investment (decent one) so your statement is not 100% correct. Other than that, you're almost right - online casino is a piece of software programmed in a way to bring profit to it's developer/owner. There's a certain % of funds which can be won, the rest stays at the casino "the house always wins" they say.  8)

Well, I guess casinos will not build business if they are not capable to sustain it in the long run. So they should have enough bankroll needed for a casino to establish a good business. And even if they will use the money from the losers, I think that’s not an issue since money should be properly roll so that the business will also be sustainable.

When it comes to the decent initial investment, I guess it would mean a huge sum of funds which could atleast cover some high roller bets. Also, even if the house always win, there are some that aren't since they still follow the probably fair rules and guidelines which may sometimes go in favor of the bettor.

Some site launch their platform with a limited funds and most of them turns out to be a scam because they can’t totally pay their players especially with the jackpot so better to choose the site that is being honest with their total funding and can really afford to pay gamblers on their winnings. If the site is just relying on the losses of the gamblers, I don’t think that site is worth to try better to look for other option.

I totally agree, it's important for them to have the funds to cover any potential payouts. You can usually find information about maximum payouts in the terms of use. Sometimes they'll even specify how much they can pay out in a certain period, like a week or a month. But if someone hits a huge jackpot, I figure the legitimate casinos would probably just pay it out in regular installments until the full amount is settled.

i have seen such arrangement here in the forum. since the casino can't afford to pay right away, they made an arrangement to the winner to pay him in regular period. that is, if the casino is honest. but some will go to the path of finding loopholes not to pay up the winner. also, some casinos really do have max payouts, at least they are being honest that they only have certain limits from their bankroll.

Most casinos don't disclose this but it's a question gamblers need to ask the newly established casinos to just know how serious they are or if they are just in the game to scam users and run away. Besides, there are some casino review sites that also do the job for the safety of gamblers.

This is the reason why such casinos will never be 100% fair with their game.

There's a different between marketing and there's different between casinos not being well-establish. There is some casino that have been in the business for long but just integrate cryptocurrency and needed the traffic for crypto players.

That's not the reason they run out of funds buddy because the house always wins and it's only a casino that's not well established with the needed bankroll that's always run out of funds.
You should know a casino that was being accused by their users several and what they used is the loophole of freezing their user fund unnecessarily. However, they still spend huge funds on promotions which shows the casino just loves playing scam tricks.

It is good to gamble in a well-established casino but the duration of the operation shouldn't be used to justify a well-established casino and from the record casino that operated for 10years also stated from somewhwere. Besides, there are some online sites that can use to check the reputation of gambling sites. An example is Askgamblers..

Of course, they get money from the bad luck of the players.
However, threads like this one makes me believe that people take the "house always win" saying literally. They may believe they can open an online casino with 1000$ and from there it would be all gains and smoothness for them as operators.

I believe having a casino is supposed to be something like a show, one as operator cannot stay still and let people to get bored, besides having a good reserve of cash, players require to always be catered with bonuses, events, live events, social media feedback, etc.

That is why resorts in Las Vegas display their exuberance and online casinos take care very well of their visual, images and possible issues.

It is true in fact that "the house always wins" or it can be interpreted that the wins and profits in the end only belong to the casino, not the players in it.
Even though the casino spends money to carry out promotions and bonuses or pays users who manage to get a jackpot, they can still benefit because there are not just a few casino users, but a lot of them who manage to win large amounts or get a jackpot percentage every day, only 3 to 100, so the advantage can still be obtained by the casino.
So I think it's only natural that casinos are able to give attractive bonuses every week.

take it easy, it's safe for you to say, everyone also knows what you want to convey, but not all online casinos don't have the capital to run their business, of course they have to pay to build it so that people play as an example of marketing and others, of course they will issue capital first when many gamblers have played so there they get the benefits, don't ask why many people lose at gambling and the dealer always wins it depends on how you play and control yourself against the dealer  ;)

Casino business always have funds to start the business and enough money to pay winners, it still won't affect the business because big winners don't always pop up every time, it takes a lot of luck and grace to win billions of dollars, some only make thousands and many more will lose thousands per day, this business is something that can't go bankrupt that easily unless it's mismanaged by the people in charge.

Some things are mandatory for every business like firstly it needs a high fund with which the whole business can be managed properly and secondly it needs a strong team who has good knowledge about the business and can think potentially.  So a gambling site can never run their business without their own high funds because millions of dollars are transacted all the time. So it can never be said that a gambling site runs on customer money. a gambling  site can only run on that customer's money when the site is well established and has millions of users fot gambling.

Only if a casino has many thousands of users(better millions), they can be paying winners with losers money, and carry on with no problems(in this regard). It's obvious that when only a few people lost some money on the platform, the place don't funds for paying out big wins.

I'm curious, are there laws regulating the minimum a casino should have to be allowed to open? They are different in different countries, for sure, but it would be interesting to read any of them.

Before the big winner appeared, the casino had made a big profit from many gamblers who had lost, either big or small.
And even though a few more people will win the game later, the casino can still pay out the winnings while benefiting from other losing gamblers.
In gambling, there will be more losing gamblers than winning gamblers so the casino's total profits will be greater than its losses.
But maybe some casinos can experience losses and cannot pay the winnings and if this happens, the casino must have the courage to be honest with its members because that is what really happens in their casino.

The casino needs to have a big bankroll to be able to pay the winners. It doesn't matter if the money comes from the losers or the casino owner's own pocket and it doesn't make any difference in the end. The money should be there. People deposit money too but they don't always lose and sometimes they withdraw without playing at all. You can't depend on the deposits alone especially If they haven't lost that money yet. If they lose it, then it is the casino's money now. New casinos on the other hand don't even have that choice. The owner should make a casino bankroll from his own pocket. How are you going to pay a random big winner otherwise?

It's possible for them to start with zero fund but they still need something to start with, I saw that with those that tried hardly like they've managed to crowdfund with their investors and so the casino business has started.

Like those that are selling their tokens in return of dividends in the future when the casino is already operating and has got revenue.

But honestly, a casino business that has plans of launching that really has got nothing to start with on their budget. They're unlikely to thrive since gamblers today are wise and won't gamble to a casino that can't show proof of funds and stability.

I've read so many replies in this thread and many are saying that casinos have funds to start paying winners even if they open today but let's not forget about what happened to centralized crypto exchanges, they keep moving money around themselves, they are claiming they have so so amount of money but they don't, lack of zero prove of fund is why the mess of FTX got so bad, not all Casino CEO are pure and its not different from how exchanges runs things behind the scene.

In a casino, there must be a breakout were ther will be a loser and a winner, and is nit impossible to use the liser miney to oay the winner even though gambling site have other ways to generate revenue but mostly depends on bet placed to get their revenue.

You should not compared crypto exchange to casino because exchange offers a earn program that rewards users a passive income for staking their money on the exchange. This stake tokens is being use by the exchange to invest on DeFi platforms like Celsius and Uniswap to gain passive profit. They are risking their customer money to get more profit for them and to pay stakers.

On the other hand casino just need to have a decent bankroll to withstand high roller early luck because they can assure profit in the long run through the house edge. You should know the difference on how this 2 different platform work.

When a thread is created, there must be a different view points on the subject and content. That is the case you have seen. Exchange platforms are very much different from casino payment. In crypto Exchange you trade, buy or sell with other users in the platform. While casino sites, you play game either win or lose.

And from your subject, you are deviating from the main discussion. I don't see any thing related to FTX here. Well FTX did collapsed because they were moving funds among themselves but because of the bear market at the time and they could not payout again. And this happened to many crypto exchange platforms around the world including Africa, Nigeria in particular.

It is impossible for any business to start with zero funds especially gambling business.
Even if a crowdfunded gambling business need funds to start the project, without funds, how can they attract investors?
Funds is needed no matter how much, there is no business started with zero funds.
It reminds me the existense of moneypot, a gambling project where anyone can have their own casino and no need to have bankroll because moneypot cover it but for sure casino/app owner need some funds to create the casino and to promote it.

But in the casino, many gamblers will experience defeat, and many of those gamblers will end up losing all their money at the gambling table. And imagine if even more gamblers lost a large amount of money, the casino would get a big profit. And if any gambler can win, the casino can still pay out the money to the winner. But it might be interesting if the public could see how much money is in their accounts so this could add to or increase their reputation among other casinos.

Both crypto exchanges and casino's operate differently and both have different bankroll requirements. 

I exactly do not know which platform requires more bankroll as exchanges should have enough funds to give leverage to the traders while gambling platform should have enough money in the reserve to fulfill those withdrawals who were lucky to win high bets/games. But one thing is sure that both gambling and trading platforms needs high upfront money to start their business.

It's not possible to start a casino with zero funds, but it could be possible to keep running once it is stable enough and have a good base of active players losing and winning but mostly losing due to greed which is what happens in casinos most of the times. Once they get their roots inside the soil of the industry, they no more will need to worry much about money, but I believe still most casinos keep some money aside in case it's needed for a jackpot winner or something similar to that.

After establishing, funds cannot be a concern as people will keep adding to their bankroll and most of them will fail to get eligible to withdraw. But, initially you must need some good amounts of funds and based on those funds you can seal a upper cap for maximum winning and for pay-out.

It will be hard for a casino that only have little to zero funds to make it stable. Most likely people won't play on a casino that don't have enough funds as well as casino who don't have any money for other things such as promotions. It's hard to achieve having active players in a casino especially if the casino is quite brand new. It is possible that casino can live with just it's active players but it is quite risky for the casino sacrificing their whole effort for having a possible problem of not paying their winners because of not having enough funds. Online  Casino industry is quite steep and adding crypto casino into that makes it harder for new casino to make their moves in their industry. Gambler like assurance of getting their winnings at and they can get it from those casino who they already using so yeah, It's somehow hard to make other use new casino also adding to that by having no funds at all is impossible.

While this is a guarantee that casino can sustain paying its winners because they have enough resources of funds, but it cannot give an assurance that the casino will always be successful and will always be at the edge of other casinos. Because even if the casino has high proof of solvency, if the market strategies are not working at all, I don’t think it will be sustainable in the next few years to come.

There is no reason that they don't have a huge balance in their wallet to pay gamblers if they are productive and have at least almost a year in service. Probably the reason the casino gives days to wait for their big winners is could they are running out of funds on their hands. So there is no way to determine the legitimacy of the fund that they are holding because they only know how much amount of their wallet, they dont publicly expose it for probably security reasons.

If the casino has sufficient funds to pay the winners, and with good promotions and providing good customer service, it can give the casino a chance to make it big. But so far, many crypto casinos have not publicly provided proof of solvency. But these casinos can provide other things that can make the public believe that the casino has the right to be a casino recommended to people. Maybe providing proof of solvency can increase public trust in casinos so that they can trust the casino.

To put it another way, imagine you and your best friend are playing a game. And your friend makes all of the rules in this game. Also, suppose that instead of your best friend, it is a complete stranger. Assume the stranger's sole purpose was to make money. That is how casinos generate revenue. Poker is the only game where this rule does not apply.

I agree, I think that I've just explained it way confusing. Anyway, it's true that they have to have something for them to start. Speaking of moneypot, I've known it before and are they still existing or no longer?

And to those that wanting to start themselves get into the casino business, it's not an easy thing. The idea might be easy for you to understand and get it by planning. But it's not too simple and there will be way more complex process.

It may just look chill and easy to start and stuff but that's not the only thing that you folks have to look at. There's more to it aside from the establishing of the business, maintaining and when you're already operational.

If the site is working like this, winning on this site might be more harder and their fairness will be questionable. If you’re friend lose against you, probably you are earning his own money and not the site money simply because the site is not capable of doing this and that’s alarming. The site should disclose their capacity so the gamblers can trust them especially with the new site, they should afford to pay every gamblers when they hit the big reward.

That is a Legit casinos Attitude and doing , but remember that there are also some casino project that only created for scamming and taking people's Money so expect that there are other grey areas of this business.
actually what mentioned is that casino are using players funds to pay those winners meaning they are just doing this and that not favoring anyone but their pocket only and this is what a stupid casino for me.

If it was that easy, there would be many new online casinos popping up and also no casinos would close because apparently they did not get enough income to finance the operations of their casinos, only people who have already run casinos can know exactly the difficulties and what needed to be able to create a casino and survive in this tight business, and it is impossible to build a business without capital it is a dream that will never come true

If you plan to enter into this casino business then you should be having huge bankroll also with you as for marketing and other promotions you need to spend money and later on also if someone wins big from your casino so you have to pay them off not only with losers money so don't think it's simple game as they will make profits also after paying to winners.

I personally feel like its impossible for business to run directly by money from customers. At initiation phase all businesses including crypto casinos need huge amount of money, just for regulations for example. There will always be not expected cost as well. It can be very easy to bankrupt in a month where you don't make money. Its not limited with costs. You need taxes even if you don't operate in tax Haven country. Everything about gambling business sucks money.

Agree. There are other expenses that they have to take care of in the very beginning of the establishing a casino such as paying for the license, registering their permit to operate, and the fees for establishing the website itself by paying the developers for the user interface and layout design of the casino website in which the professional fee is a hefty amount as well.

There are also maintenance fee and other fees they have to pay for the security of their website. Campaigns and promotions are going to be paid too for players to be enticed in what they are to offer. You see, those initial stages of implementing a casino website is costly already. Hence, they have to have an amount that is more than enough to pay their obligations to their very own casino and to the potential players.

No you can't start a gambling business without any funds at hand. Casinos are a games with a lot of randomness, especially in the beginning when there are not so many customers yet there is no guarantee that you are going to make a profit. Let's say you have a very lucky gamblers who manages to only plays roulette and doubles up his money a few times in a row. What are you going to do if he wants to withdraw his money? You can't start a new business and directly have trouble playing back customers or even worse, go into default. You are right that the casino pays out the winners with the money they make from the losers minus their expenses and taxes. The casino needs a large number of customers to be profitable and of course a large enough bankroll to pay out lucky winners. As long as there is no legit accusations that the casino is not paying out winners we shouldn't be too concerned. Why would a successful business who has been around for years risk losing everything by not paying out one winner? Once word gets out that the casino is not paying customers anymore no one is going to play there anymore. You can only lose your good reputation once and there is no coming back from it.

Correct, not even ICO-starting gambling sites are zero balance before they start. Sure, they seek help from investors for their capital but it doesn't mean they won't spend some before that happens. Website developers, encoders, graphic designers, and more. All of those people who have those skills will need a budget for their work and even if they are promised to be paid in the future they will require some payment for their own necessities.
Even if they are friends or part of his team, money will be an essential part while waiting for investor funds.
Wherever OP heard the news must be from someone whose just bragging about the successful gambling site he have but I doubt he didn't spend anything.

Absolutely! Gambling businesses require a high level of planning and consideration before being launched, and this cannot be done without adequate resources. Casinos are games of chance and no amount of luck can guarantee a profit in the early stages when there are not many players. Even if a customer is exceptionally lucky and doubles their money a few times, the casino must be able to pay out the winnings.

Casinos rely on customers to generate revenue and cover their expenses, as well as taxes. Furthermore, they need a substantial bankroll to pay out the lucky winners. For this reason, starting a gambling business without adequate funds is simply not feasible. It is also important to keep up a good reputation in the gambling industry. If a casino fails to pay out a win, it could damage its reputation and lead to a loss of business. Word of mouth is a powerful tool and no casino can afford to have its name dragged through the mud.

Therefore, it is essential to have a substantial bankroll, a well-thought-out business plan and an excellent reputation before launching a gambling business. With the right resources and strategy, a casino can prosper and generate a steady income for its owners.

Definitely, at the beginning of this business one must keep a large amount as capital for his business. When the site is new there will be less number of gamblers. If a gambler wins a large amount in the beginning then the site must pay it. A lot of money is not required when the business got expanded. At that time it is also possible to fill it with money from gamblers. That's probably the aspect the OP deserve to focus on. But of course, before starting a gambling company, it is necessary to start with a lot of money, especially for development purposes and gamblers to provide betting money.

I think they can. We see that a crypto project team always consists of people who are experts in different fields. They can just use their own abilities to create and promote their project without needing to hire a different person as that will only be an added expense. After it, they can then run an ICO or something similar to gain investors who will fund their gambling site.

As long as the team have created a nice platform with great games and exciting features, investors will just flock around it dying to get their spot as they are also aware that this new and promising gambling platform can be the next big thing in the gambling industry.

A capital won't be only needed on the start but throughout your bsuiness' existence. Progress should be continuous in order for your players to stay and avoid moving to other gambling sites. Keep in mind that there are many existing online casino players could choose from so be sure that your platform would be most of the time considered by both new and old players in this industry. Effort and period of time would be needed as well not only a capital, to make a start in this industry. Thus, determining the edge of your online casino, would be a good idea to avoid unrealistic expectations. For sure it won't be easy to run your own platform.

Capital has the most important role in all phases of the casino, both at the launch and throughout its existence. After all, if the casino has no money to pay big winnings it can lose not only its reputation, but also its existence. After all, the reputation of the casino is one of the most important components of this business.

High-profile bankruptcies in cryptocurrencies made people think about the mechanism to prove ownership of funds, and I'm sure that after a while any platform that respects its customers will use such mechanism, including casinos. 

Before a casino could come up to launch their website for gamblers to use and gamble on, they must have spent alot of financial resources in bringing up one into existence, there's no doubt that it's difficult to read or know the true mindset of a casino from being a genuine one or a fraudulent type not untill you give a try or receive recommendations from other gambler having their experience in the past, sometimes things also change and turn around for them that they landed where they never expected which i believe is part of the risk involved in creating an establishement, those that falls under this categories lack the funds to maintain their site functionality and the next they do is using the gamblers funds to secure back their state while the whole security system keep failing the more they tried to fixed it up, things like this actually happens and that's why a gambling casino must have enough financial stand before starting at all except they gave intention for manipulating things up along the way.

Casinos that run their business using that strategy will not last long and will lose everything in no time. If there are more winners in the casino and the casino cannot pay out the winnings, the casino will get a bad reputation from gamblers, and they will quickly leave the casino.

That is why, if the casino wants to run its business, the casino owner must prepare a larger capital so that the casino can pay the winners. Casinos must try to get a reputation from gamblers who play in their place by always paying the winning money and without too complicated requirements.

I agree with your statement. If a casino fails to send a gambler's money, the platform loses everything. Casino owner spent so much money to build that gambling site that he can't keep anything. There will be a major scandal in his reputation. Moreover, some gamblers may suddenly win any large amount. If a casino operator can't control those situations, he can't run his business. So without money it is not possible to run this kind of business. If one thinks that a casino trader can run the business without money or that it is possible to run the business with the money of other gamblers, then his concept is completely wrong.

I couldn't agree with you more that a secure cash flow is crucial to the success of any casino. It's important to keep the casino's good name in addition to paying out winners. It's common for dissatisfied customers to tell others about their experience. And in the competitive industry of online gambling, a company's standing among customers is crucial.

It's fantastic that you stress the need for a method to verify monetary ownership as well. It's reasonable that folks would be wary after hearing about so many high-profile cryptocurrency failures. In my opinion, casinos that put this kind of confidence in their customers' hands will stand out and gain a larger clientele.

As a result, players will always gravitate toward the casinos with the best reputations for promptly paying out prizes and maintaining a safe gaming environment.

This is why it is really that creating some trust or confidence for those platforms who do show up some part not the whole when it comes into their bankroll. You could obviously see it
on their site design and their marketing stance if they do really have the budget or not.We wont really be that dumb not to notice out even with the basics
on trying out to observe on what site is good looking and which site do really like a school project.You should be always keen on looking
about red flags specially for those who are just new into this industry.

It is very rare for any business to become profitable the moment it opens its doors, anyone which started a business before knows very well it may take months or even a year before you make any profits.

This implies a massive amount of capital is needed to support a new business as they have to pay for all kind of expenses, so it is very easy to dismiss the idea that a casino can run exclusively on the money it gets from its customers, at least on its early days, because once the casino has established itself then this could be possible.

And when a gambler has had an unpleasant experience at a casino, the gambler can tell his experience to many media so that it can cause the casino to get a bad name among other casinos. That will make other gamblers leave the casino because they don't want the same experience as previous gamblers. And when it comes to reputation, it can leave a bad impression on other gamblers, and it might not take long for the casino to go bankrupt because it can no longer run its business.

The casino's job is to provide the best service for its members, including having enough balance to pay all the winners. If there are no issues whatsoever about paying out the winnings and the casino can process them quickly, that will also give the casino a good rating.

Casino need to have bankroll in order to prevent from the worst case will happen, it's not a wise idea for the casino to run away if there are many gamblers beat the house, because they must spend a lot times to develop the sites, contact the providers, freelancers etc and promoting in everywhere. It's possible the casino become exit scam, but it mostly a poor casino or not licensed casino which is more easy for them to escape.

When a casino site wants to get a license they must fulfill certain requirements and in that case they also have to show that they have enough funds to operate the casino site. So any casino site can't run their site only with customer money because they have to take different steps to reach the gamblers like different types of marketing bonus facilities different giveaways etc. So in this case first of all they have to spend a big money. This is how a gambling site is operated

There's a lot of talks lately about the proof of funds, but I personally don't think it's that necessary. Let us suppose someone won that much that a platform don't have cash right now to pay him. If it's a reputable gambling platform they will surely pay out sooner or later to the winner even if they don't have the money right now. Scammers, on the other hand, can show that they have enormous funds, while having no intentions whatsoever to pay out a big win.

Certainly a huge money is needed to start and be part of the growing crypto casino business. It's not that wise at all to start with a small capital because a gambler might even be richer than the business itself.

Not just the marketing, promotions and stuff. The security of the entire business which will cost a lot for the software and integrity is where most of the budget will be allocated.

It's no joke to start and get on it.

I think there is probably no casino like that, especially here in the crypto industry because the website will cost you money right away, so how can it be said that a casino that is new to the crypto space does not release money? But this is just my opinion.

But if it's a different project, maybe that style is possible and that's just a scammer move of course. Only greedy people can do that as far as I know.

That is why the reputable casinos do not even start without having in place,the website,the links toward the games provider,their according and agreements with them,a great support team ready to answer any inquiry or to solve any problem,the best cybersecurity team in place otherwise hacks will happen and last but absolutely not least the huge amount of money to start such business.

Any other entity claiming that it can be done starting without these,are either idiots or scammers,this second option being highly more likely.